Crude rebounds to close higher; gasoline up 0.9%

NEW YORK (MarketWatch) -- Crude futures bounced off their early lows to close higher Monday, ending a five-session losing streak, as traders continued to weigh supply against demand levels heading into the summer season. The contract for May delivery ended up 39 cents, or 0.7%, at $53.71 barrel, off an early low of $52.10. May unleaded gasoline was up 0.9% at $1.5498 a gallon, May heating oil fell 0.7% to $1.4871 a gallon and May natural gas was up 0.9% at $7.309 per million British thermal units.

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